Genelink, Inc. (GNLKQ)

[deadjim]

For you MM followers hoping they will make you money, I will give you this advice about GNLK


Every spike this gets, if it can breakout over .17 resistance, will get hammered. Those selloffs where be where you want to buy it. If you follow MM at the current p.p.s. your risk will be greater.
How do I know GNLK will sell off hard on spikes? Look at the chart history. At the moment, there is *nothing* that says this consolidation is a buy. Don't look at level 2, ignore the daily "buys" and "sells." Remember, for every buyer there's a seller. Day to day action does not reflect future movement.

Look at last November - daily chart. Why did it sell off from .17 so quickly? If this thing was any good any time soon, it should've held that level with a little strength. I'll set my alerts for .20 and then maybe look for a confirmation dip for entry. Until then, I have a bid at .06 in case anybody feels like dumping :)